Star Group (NYSE:SGU) Share Price Crosses Above 200-Day Moving Average – What’s Next?
by Amy Steele · The Cerbat GemStar Group, L.P. (NYSE:SGU – Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.25 and traded as high as $12.55. Star Group shares last traded at $12.54, with a volume of 12,324 shares trading hands.
Wall Street Analysts Forecast Growth
SGU has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of Star Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, January 13th. Wall Street Zen raised shares of Star Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.
View Our Latest Report on Star Group
Star Group Price Performance
The business’s 50 day moving average is $12.76 and its two-hundred day moving average is $12.25. The firm has a market capitalization of $410.84 million, a PE ratio of 7.91 and a beta of 0.35. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.74 and a quick ratio of 0.58.
Star Group (NYSE:SGU – Get Free Report) last announced its earnings results on Wednesday, February 4th. The pipeline company reported $0.89 earnings per share for the quarter. The business had revenue of $539.26 million for the quarter. Star Group had a net margin of 4.16% and a return on equity of 23.03%.
Star Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, January 26th were given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date was Monday, January 26th. Star Group’s dividend payout ratio (DPR) is presently 46.84%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada grew its position in Star Group by 5,446.2% during the fourth quarter. Royal Bank of Canada now owns 2,163 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 2,124 shares during the last quarter. Osaic Holdings Inc. grew its position in Star Group by 181.5% during the second quarter. Osaic Holdings Inc. now owns 5,199 shares of the pipeline company’s stock valued at $61,000 after acquiring an additional 3,352 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Star Group during the fourth quarter valued at approximately $80,000. Raymond James Financial Inc. bought a new position in Star Group during the second quarter valued at approximately $89,000. Finally, Bank of America Corp DE grew its position in Star Group by 91.7% during the third quarter. Bank of America Corp DE now owns 11,844 shares of the pipeline company’s stock valued at $140,000 after acquiring an additional 5,667 shares during the last quarter. 40.36% of the stock is currently owned by institutional investors.
About Star Group
Star Group, L.P., together with its subsidiaries, provides home heating oil and propane products and services to residential and commercial customers in the United States. It offers gasoline and diesel fuel; and installs, maintain, and repairs heating and air conditioning equipment. As of September 30, 2023, the company served approximately 402,200 full service residential and commercial home heating oil and propane customers and 52,400 customers on a delivery only basis. It also sells gasoline and diesel fuel to approximately 26,600 customers.